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1 Peseta Morella

Issuer Cooperativa del Pueblo de Morella
Year 1937
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Reference(s) Gari Mon#976-H
Obverse description Plain cream paper note printed in black letterpress throughout, with no pictorial vignette. The issuing entity name 'Cooperativa del Pueblo' appears underlined at upper right, followed by the promise-to-pay text and denomination 'Una peseta' in bold lettering. The place and date 'MORELLA, 2 Julio 1937' are centred below, with the designation 'EL ENCARGADO' and two manuscript signatures occupying the lower portion; the denomination numeral '1' and 'PESETA' appear at the left margin flanked by vertical rule lines.
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Reverse description Plain unprinted cream paper reverse bearing only a hand-stamped black serial number at centre, with no other design elements, text, or ornamentation.
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Comments

One of hundreds of emergency local issues that flooded Republican-held Spain during the Civil War, when the hoarding of metallic coin created a paralyzing shortage of small change. Municipal councils, cooperatives, and trade unions all stepped in as de facto issuers — with zero central authorization and wildly inconsistent results in terms of printing quality and redemption reliability.

Morella, a fortified hilltop town in Castellón, was under Republican control until April 1938, giving this cooperative issue a window of perhaps a year in active use before Nationalist forces took the town and rendered it worthless.

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